Excellency President Xi Jinping,
Your Excellency President Jacob Zuma,
Your Excellency President Michel Teme,
Your Excellency President Vladimir Putin,
Distinguished Members of the BRICS Business Council.
It gives me great pleasure to welcome you to this meeting with the BRICS
The Council reflects the full economic diversity and depth of business
engagement between our countries.
I thank their contribution to the BRICS agenda of building inclusive economies
through responsive and collective solutions.
Excellencies and Friends,
Promoting economic and commercial engagement has been a foundational impulse in
the creation of BRICS.v It is, therefore, encouraging to see the BRICS Business
Council take healthy shape three years after we set it up in Durban.
Our business communities are the strongest proponents for closer and faster
commercial cooperation among BRICS.
Their partnerships create wealth and value in our societies.v And, enhance
productivity and create jobs in our economies through technological innovations
and capacity addition.
I applaud that vision. I share that vision.
In India, we have undertaken substantial reforms in the last two years to
streamline and simplify governance, especially doing business in India.
The results are clearly visible.
We have moved up in almost all global indices that measure such performances.
We have transformed India into one of the most open economies in the world
Growth is strong and we are taking steps to keep the momentum going.
I am happy to note that the BRICS Business Council also has matching priorities
of ease of doing business, dismantling trade barriers, promoting skills
development, establishing manufacturing supply chains and infrastructure
The Council’s work holds much promise for expansion of trade and business among
The New Development Bank is fully operational now. Its success is a concrete
result of our common efforts.
We congratulate the NDB and its management for commencing the first batch of
NDB has kept clean energy and green and sustainable infrastructure as its
We welcome it.
We would encourage the BRICS Business Council to work closely with the NDB on
identifying and implementing prospective economic projects.
India hosted the First BRICS Trade Fair in New Delhi two days ago with active
participation from all your countries.
Such activities must be promoted to generate greater business awareness and
Let me conclude by saying that as Governments, we count on the BRICS Business
Council to work with us to achieve our common aim of:
- Enhancing business
- and removing
bottlenecks to intra-BRICS commerce.
a little while, we will hear from the BRICS Business Council and the leadership
Thank you. Thank you very much.